WLKWestlake Corporation

$14B

Q1 2024 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$3.0B-11.4% YoY

Gross Profit

$466M15.7% margin

Operating Income

$223M7.5% margin

Net Income

$174M5.8% margin

EPS (Diluted)

$1.34

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$169M

Free Cash Flow

-$103M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$21.0B

Total Liabilities

$10.1B

Stockholders' Equity

$10.3B

Cash & Equivalents

$3.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.4B	-11.4%
Gross Profit	$466M	$792M	-41.2%
Operating Income	$223M	$536M	-58.4%
Net Income	$174M	$394M	-55.8%

Revenue Segments

Performance and Essential Materials

$1.9B65%

Housing and Infrastructure Products

$1.0B35%

WLK Q1 2024 Earnings — Westlake Corporation Revenue & Financial Results | Market Cap Arena